National Bank Financial Forecasts New Gold FY2026 Earnings

New Gold Inc. (NYSE:NGD) – Investment analysts at National Bank Financial raised their FY2026 EPS estimates for shares of New Gold in a research report issued to clients and investors on Wednesday, October 30th. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.53 per share for the year, up from their prior forecast of $0.32. The consensus estimate for New Gold’s current full-year earnings is $0.17 per share.

NGD has been the topic of several other reports. Scotiabank boosted their price objective on shares of New Gold from $2.75 to $3.25 and gave the stock a “sector outperform” rating in a research report on Tuesday, September 17th. Royal Bank of Canada increased their price target on shares of New Gold from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. CIBC lifted their price objective on New Gold from $3.00 to $3.40 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Cibc World Mkts raised New Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, StockNews.com raised New Gold from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $3.08.

New Gold Price Performance

NYSE NGD opened at $2.77 on Monday. The company has a 50 day moving average price of $2.81. The stock has a market cap of $2.19 billion, a P/E ratio of 138.50 and a beta of 1.31. New Gold has a 1-year low of $1.09 and a 1-year high of $3.25. The company has a quick ratio of 0.98, a current ratio of 1.42 and a debt-to-equity ratio of 0.45.

New Gold (NYSE:NGD) last issued its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. New Gold had a net margin of 2.33% and a return on equity of 9.38%. The company had revenue of $252.00 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Morton Capital Management LLC CA grew its position in shares of New Gold by 23.3% in the second quarter. Morton Capital Management LLC CA now owns 26,494 shares of the company’s stock valued at $52,000 after purchasing an additional 5,000 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in New Gold by 15.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 47,722 shares of the company’s stock worth $93,000 after buying an additional 6,252 shares during the last quarter. Kohmann Bosshard Financial Services LLC grew its holdings in New Gold by 34.6% in the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 35,000 shares of the company’s stock valued at $101,000 after buying an additional 9,000 shares during the period. Allworth Financial LP increased its stake in shares of New Gold by 941.8% during the 3rd quarter. Allworth Financial LP now owns 10,418 shares of the company’s stock valued at $30,000 after acquiring an additional 9,418 shares during the last quarter. Finally, Eastern Bank purchased a new position in shares of New Gold during the 3rd quarter worth about $33,000. 42.82% of the stock is currently owned by institutional investors and hedge funds.

New Gold Company Profile

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.